Tuesday, March 23, 2010

After rejecting bid, Novell open to sale - The Boston Globe

More on Novell’s likely trajectory

Duplessie suspects that Elliott wants some other technology company to make a larger bid, so Elliott can make a profit on its current Novell stake. But so far, no rival bidders have emerged.

That doesn’t surprise Abhey Lamba, analyst at the ISI Group in New York. “It’s really hard to find a company that would benefit from all of the four components that Novell has,’’ said Lamba.

Instead, he believes Elliott intends to take Novell private, then auction off its business units one at a time.

After rejecting bid, Novell open to sale - The Boston Globe - end

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